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Ajax Corporation issued 1 0 , 0 0 0 units of $ 1 , 0 0 0 face value bonds that mature in 2 0

Ajax Corporation issued 10,000 units of $1,000 face value bonds that mature in 20 years and have a 4% coupon rate that is paid semi-annually. If the bonds were sold at 96.5% of their face value, calculate the yield to maturity at the end of year 4.10pointsMultiple ChoiceeBookReferences4.26%4.30%4.50%4.44%

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